Commonwealth Funds : Global Fund

The Global Fund invests primarily in U.S. and foreign equity securities, including common stock, preferred stock, securities convertible into common stock and debt securities. Although the Fund can invest in companies of any size and from any country, it generally focuses on established companies in countries with developed economies.

The Commonwealth Global Fund invests in companies that the Adviser believes will benefit from global economic trends, promising technologies or products and specific country opportunities resulting from changing geopolitical, currency, and/or economic considerations. Generally, investments will be diversified around the world to take advantage of perceived investment opportunities without restriction to any particular area such as Asia or Europe, and any particular country such as the United States or Japan. The world economy has become integrated and most established companies in which the Fund intends to invest operate globally. Moreover, with the development of the economies of many countries, opportunities for sound investment activities may be lost by concentrating in any particular country or region. The globalization of the economy also dictates an analysis and consideration of the global economy and trends affecting the United States as well as other countries.

Australia/New Zealand Fund | Global Fund | Japan Funds | Real Estate Securities Fund | Prospectus (pdf)

Investing in securities of foreign country issuers involve certain risks that are different from investments in U.S. issuers. The foreign markets are small, their listed securities are generally less liquid, involve higher transaction costs and have greater price volatility due to changes in politics, currency rates, foreign taxation, differences in auditing and other financial standards, etc.

Equity securities are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of the Fund will fluctuate as the value of the securities in the portfolio changes. Common stocks, and funds investing in common stocks, generally provide greater return potential when compared with other types of investments.